Competition,comparison, and innovation |
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| Authors: | Sunku Hahn |
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| Institution: | 1. Cardiovascular Division, Department of Medicine, Brigham and Women''s Hospital, Boston, Mass;2. Department of Surgery, University of Massachusetts Medical School, Worcester, Mass;3. Division of Hematology, Department of Medicine, Duke University Medical Center, Durham, NC;4. Department of Critical Care Medicine, St. John''s Mercy Medical Center, Division of Pulmonary and Critical Care, St. Louis University, St. Louis, Mo;5. Division of General Internal Medicine, Department of Medicine, North Shore University Hospital, Manhasset, NY;6. Department of Medicine, Indiana Regional Medical Center, Indiana, Pa;7. Department of Internal Medicine, The Washington Hospital, Washington, Pa;8. Department of Veterans Affairs Long Beach Healthcare System, Long Beach, Calif;9. Division of Hematology/Oncology, Department of Medicine, University of California Irvine, Orange, Calif;10. Department of Medicine, Franklin Square Hospital, Baltimore, Md;11. Department of Internal Medicine, The William W. Backus Hospital, Norwich, Conn;12. Department of Medicine, Intermountain Medical Center, Murray, Utah;13. University of Utah School of Medicine, Salt Lake City, Utah;14. Department of Internal Medicine, University of Utah Health Sciences, Salt Lake City, Utah;15. Department of Internal Medicine, St. Joseph Mercy Health System, Ypsilanti, Mich;p. Division of Pulmonary, Critical Care and Environmental Medicine, Department of Internal Medicine, University of Missouri-Columbia, Columbia;q. Center for Outcomes Research, University of Massachusetts Medical School, Worcester, Mass;r. Harvard Medical School, Boston, Mass;1. Department of Cardiovascular Surgery, Mayo Clinic, Rochester Minnesota;2. Michael E. DeBakey Department of Surgery, Baylor College of Medicine, Houston, Texas;3. Georgetown University Hospital, Washington, DC;4. Baylor Scott & White Cardiac Surgery Specialists, Dallas, Texas;5. Division of Thoracic Surgery, Memorial Sloane Kettering Cancer Center, New York, New York;6. Department of Cardiac Surgery, University of Michigan Hospitals, Ann Arbor, Michigan;7. Department of Cardiothoracic Surgery, New York University Langone Health, New York, New York |
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| Abstract: | Competitive firms can make a comparison with each other and easily figure out the better strategy, while monopoly firms cannot. Therefore, a competitive firm may be more likely to try low cost innovations than a monopoly firm may. |
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